Group 1: Silver Price Trends - Silver prices have reached a historical high, surpassing $69 per ounce, with a cumulative increase of approximately 138% since 2025 [1] - As of the latest close, Shanghai silver futures rose by 6.06%, breaking through the 16,200 yuan per kilogram mark [1] - The continuous rise in silver prices is attributed to both increasing gold prices and heightened industrial demand, particularly from the photovoltaic (PV) industry [1][2] Group 2: Industrial Demand and Supply Dynamics - Industrial demand for silver is projected to grow significantly, with silver used in the PV sector expected to reach 6,146 tons by 2024, accounting for 17% of total silver demand [2] - The total industrial demand for silver is forecasted to increase from 15,300 tons in 2016 to 20,400 tons in 2024 [2] - The supply of silver has been relatively stagnant, leading to a supply deficit of 7,762 tons in 2022, 6,240 tons in 2023, and an estimated 4,632 tons in 2024 [2] Group 3: Technological Developments in Photovoltaics - The PV industry is under pressure from rising silver costs, prompting manufacturers to develop low-silver and no-silver technologies [3] - Companies like Dike Co. and Aiko Solar are advancing silver-coated copper and copper plating technologies, respectively, to reduce silver usage [3][4] - The implementation of these technologies could significantly lower silver consumption in PV cells, with Dike Co. achieving a silver content reduction to 20% in their products [5] Group 4: Future Market Implications - The ongoing development and potential widespread adoption of low-silver and no-silver technologies may lead to a substantial decrease in silver demand in the future [5] - Despite current supply shortages, signs of a potential supply-demand reversal are emerging, with expectations of a decline in new global PV installations by 10% in 2026 [6][7]

Group 1 - The core point of the article is that Dike Co., Ltd. announced a reduction in shares by its actual controller and related parties, totaling approximately 1.42 million shares, which represents 0.9752% of the company's total share capital [1] - As of the announcement date, Dike Co., Ltd. has a market capitalization of 9 billion yuan [1] - For the first half of 2025, the revenue composition of Dike Co., Ltd. is reported to be 77.26% from electronic materials and 22.74% from other businesses [1]

证券代码：300842 证券简称：帝科股份 公告编号：2025-087 无锡帝科电子材料股份有限公司 关于实际控制人之一致行动人股份减持计划 期限届满的公告 公司股东连云港迪银科贸易合伙企业（有限合伙）、无锡赛德科贸易合伙企 业（有限合伙）、无锡尚辉嘉贸易合伙企业（有限合伙）保证向本公司提供的信 息内容真实、准确、完整，没有虚假记载、误导性陈述或重大遗漏。 本公司及董事会全体成员保证公告内容与信息披露义务人提供的信息一致。 无锡帝科电子材料股份有限公司（以下简称"公司"或"帝科股份"）于 2025 年 8 月 29 日在巨潮资讯网（www.cninfo.com.cn）上披露了《关于公司实际 控制人之一致行动人减持股份的预披露公告》（公告编号：2025-049），公司实 际控制人之一致行动人连云港迪银科贸易合伙企业（有限合伙）（原用名"无锡 迪银科贸易合伙企业"，以下简称"连云港迪银科"）、无锡赛德科贸易合伙企 业（有限合伙）（以下简称"无锡赛德科"）、无锡尚辉嘉贸易合伙企业（有限 合伙）（以下简称"无锡尚辉嘉"）计划自减持公告披露之日起 15 个交易日之 后 3 个月内以集中竞价交易或大宗交易的方式合计减持公 ...

截至发稿，罗申累计任职时间314天，现任基金资产总规模4166.42万元，任职期间最佳基金回报 0.68%， 任职期间最差基金回报-12.31%。 风险提示：市场有风险，投资需谨慎。本文为AI大模型自动发布，任何在本文出现的信息（包括但不 限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考，不构成个人投资建 议。 责任编辑：小浪快报 数据显示，东财基金旗下1只基金重仓帝科股份。东财价值启航混合发起式A（018096）三季度持有股 数1万股，占基金净值比例为4.85%，位居第四大重仓股。根据测算，今日浮盈赚取约3.09万元。 东财价值启航混合发起式A（018096）成立日期2023年3月30日，最新规模903.99万。今年以来亏损 6.66%，同类排名8109/8170；近一年亏损7.8%，同类排名8075/8139；成立以来亏损18.51%。 东财价值启航混合发起式A（018096）基金经理为罗申。 12月22日，帝科股份涨5.15%，截至发稿，报63.11元/股，成交1.68亿元，换手率2.12%，总市值91.69亿 元。 资料显示，无锡帝科电子材料股份有限公司位于江苏省无锡市宜兴市屺亭 ...

Core Viewpoint - Fuda Alloy (603045.SH) has announced the termination of its acquisition of Zhejiang Guangda Electronic Technology Co., Ltd. after multiple delays in responding to inquiries from the stock exchange, potentially influenced by a patent lawsuit against Guangda Electronic [1][3]. Group 1: Acquisition Details - Fuda Alloy planned to acquire 52.61% of Guangda Electronic's shares for a cash consideration of 350 million yuan, aiming to become the controlling shareholder and consolidate Guangda's financials [3]. - The acquisition was initially disclosed in September, but faced scrutiny from the stock exchange regarding the rationale for the acquisition and the declining performance of Guangda Electronic [6]. Group 2: Legal Challenges - The acquisition was complicated by a patent infringement lawsuit filed by Dike Co., Ltd. against Guangda Electronic, which was accepted by the court in November [3][5]. - Dike's lawsuit centers on alleged infringement of a patent related to thick film pastes used in semiconductor devices, which is critical in the photovoltaic silver paste industry [5][8]. Group 3: Patent Implications - The patent in question, owned by Dike's subsidiary, covers a broad range of materials used in semiconductor manufacturing, making it a foundational patent in the industry [5][8]. - Guangda Electronic has counter-sued Dike, claiming the lawsuit is malicious and exceeds reasonable bounds, but the court rejected its jurisdictional objections [6][12]. Group 4: Market Context - Guangda Electronic's projected revenue from photovoltaic silver paste is significant, with estimates showing that it will account for 87.94% of its main revenue in 2023, increasing to 99.56% by mid-2025 [13]. - The ongoing patent disputes may pose risks to Guangda's future revenue projections, particularly concerning its products that fall under the patent's scope [14].

Core Viewpoint - Fuda Alloy (603045.SH) has announced the termination of its acquisition of Zhejiang Guangda Electronic Technology Co., Ltd. after multiple delays in responding to inquiries from the stock exchange, potentially influenced by a patent lawsuit involving the target company [1][3]. Group 1: Acquisition Details - Fuda Alloy planned to acquire 52.61% of Guangda Electronic for a cash consideration of 350 million yuan, aiming to become the controlling shareholder and consolidate Guangda's financials [3]. - The acquisition was initially disclosed in September, but faced scrutiny from the stock exchange regarding the rationale for the acquisition, particularly due to declining performance of the target [5]. Group 2: Patent Litigation Impact - The termination of the acquisition may be linked to a patent lawsuit initiated by Dike Co., Ltd. against Guangda Electronic, alleging infringement of a patent related to semiconductor materials [3][5]. - Dike's subsidiary, Zhejiang Suote Material Technology Co., Ltd., has been involved in this legal dispute, which has raised concerns about Guangda's long-term business potential due to the ongoing litigation [3][11]. Group 3: Patent Details and Implications - The patent in question, owned by Dike, covers a broad range of materials used in semiconductor manufacturing, which could significantly impact Guangda's operations and market position [6][11]. - Guangda Electronic's sales from photovoltaic silver paste are projected to constitute a significant portion of its revenue in the coming years, raising concerns about the sustainability of its business model amid the patent disputes [11][12]. Group 4: Industry Context - The acquisition landscape in the photovoltaic silver paste industry is characterized by a focus on building patent barriers, as seen in Dike's acquisition of Zhejiang Suote, which aimed to enhance its market share through a robust patent portfolio [8][10]. - Historical patterns indicate that patent disputes in this sector often lead to settlements, suggesting that Guangda may face similar pressures in the future [10].

证券代码：300842 证券简称：帝科股份 公告编号：2025-086 无锡帝科电子材料股份有限公司 | 序 | 专利名称 | 专利 | 专利号 | 授权 | 专利 | 专利 | 专利权人 | 证书号 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 号 | | 类型 | | 公告日 | 期限 | 申请日 | | | | 1 | 结构太阳能电 TOPCon | 发明 | ZL 2022 1 | 2025.01.14 | 20 年 | 2022.06.13 | 公司 | 7666011 | | | 池银浆及其用途 | 专利 | 0661032.0 | | | | | | | 2 | 用于制备太阳能电池电 极的糊剂组合物、太阳能 | 发明 专利 | TH190100347 1 | 2025.01.16 | 年 20 | 2016.12.30 | 公司 | 106224 | | | 电池电极及太阳能电池 | | | | | | | | | 3 | 用于制备太阳能电池电 极的糊剂组合物、太阳能 | 发明 专利 | ZL 2024 1 0619955 ...

证券日报网讯 12月18日晚间，帝科股份（300842）发布公告称，公司及子公司无逾期对外担保，亦无 涉及诉讼的担保以及因担保被判决败诉而应承担损失的情形。 ...

Core Viewpoint - Fuda Alloy (603045.SH) announced the termination of its acquisition of Zhejiang Guangda Electronic Technology Co., Ltd. after multiple delays in responding to inquiries from the stock exchange, potentially influenced by a patent lawsuit involving the target company [2][4][8]. Group 1: Acquisition Details - Fuda Alloy planned to acquire 52.61% of Guangda Electronic for a cash consideration of 350 million yuan, aiming to become the controlling shareholder and consolidate Guangda's financials [4][7]. - The acquisition was initially disclosed in September, but faced scrutiny from the stock exchange regarding the rationale for the acquisition and the declining performance of the target [7][8]. Group 2: Legal Challenges - The acquisition faced complications due to a patent infringement lawsuit filed by Dike Co., Ltd. against Guangda Electronic, which was accepted by the court [4][6]. - Guangda Electronic counter-sued Dike, claiming the lawsuit was malicious, but the court rejected its jurisdiction objection [4][6][9]. - Fuda Alloy's management indicated that the patent lawsuit exceeded reasonable bounds and suggested potential commercial motives behind it [9][10]. Group 3: Patent Implications - The patent in question relates to a thick film paste used in semiconductor manufacturing, with broad claims that could impact Guangda Electronic's product offerings [11][17]. - Guangda Electronic's projected revenue from its photovoltaic silver paste products is significant, with expectations of high sales proportions in the coming years, but these projections may be at risk due to ongoing patent disputes [16][17]. - The patent involved has a protection period until 2031, which raises concerns about Guangda's future product viability and may have influenced Fuda Alloy's decision to terminate the acquisition [17].

一、 担保情况概述 无锡帝科电子材料股份有限公司（以下简称"公司"）于 2025 年 10 月 28 日召开的第三届董事会第十四次会议、第三届监事会第十六次会议以及于 2025 年 11 月 13 日召开的 2025 年第二次临时股东大会，分别审议通过了《关于为子 公司提供担保额度预计的议案》，同意公司为公司合并报表范围内的子公司提供 担保，预计担保额度不超过人民币 16 亿元。担保额度有效期自本次股东大会审 议通过之日起 12 个月内，该额度在授权期限内可循环使用。在此额度范围内， 公司将不再就每笔担保事宜另行提交董事会、股东大会审议。在相应权限范围内， 公司董事会授权/提请股东大会授权董事长代表公司签署有关的法律文件，授权 经营管理层具体办理相关事宜。在不超过已审批担保总额度的情况下，公司管理 层可根据实际经营情况在总担保额度范围内适度调整各子公司（含授权期限内新 设立或纳入合并范围的子公司）的担保额度，实际担保金额以最终签订的担保合 同为准。具体内容详见公司于 2025 年 10 月 29 日在巨潮资讯网上披露的《关于 为子公司提供担保额度预计的公告》（公告编号：2025-066）。 二、 担保进展情况 ...